Wanted to give everyone a quick update on a few things Andiamo:
– We just posted our 3rd Quarter Financial and Disclosure Statements on OTC Markets, and while they aren’t where we would like the numbers to be quite yet, they are moving in the right direction. First bright spot is, we greatly decreased our losses this quarter versus the previous one, and with the JV numbers kicking in this coming quarter, those numbers should be on the positive side for the first time in a long time. Secondly, everyone will notice there were no new shares issued in the quarter, which means we have stopped the dilution. This is due in part to the investment partner we found who is in the process of purchasing the vast majority of the Series B Preferred shares and the lock up on conversion of those shares during the process.
– We recently signed a Dealer Agreement with FUBU Mobile and are working on getting an e-commerce site launched in order to sell this service. This is a big step for our telecom division, ANDI Mobile, and to support this, we are still working everyday to bring a phone to market that we can sell on a “one-at-a-time” retail basis. We are currently working with a supplier and feel we are extremely close to bringing this to fruition. Hopefully we will have final samples in hand soon, and once we do, we will work on getting a retail package together, so the phones are under our name and logo as they go to market. This part of the process should move forward quickly because our management and vendor support teams have extensive design and retail packaging experience and have launched products of their own as well as private label products in various industries.
– As to the dividend shares of Sustainable Water Solutions (SWS), our Shareholders of Record list is in their hands, and as they move forward in their process of listing on an exchange, the shares will be issued and dispersed. We don’t know exactly when this will happen since the process is often a long and laborious one, but we will keep you updated as we know more.
– Spoke with Ian Brewster, CEO of Utopya, and he told us they would be putting out a press release and update very soon. We will put it on the blog as well as a link to it on Twitter once it is out.
Thanks again for your continued support!